Singapore's economy grew 1.2% in 2023, moderating from the 3.6% growth in 2022, preliminary government data showed on Tuesday. Gross domestic product (GDP) was up 2.8% in the October to December ...
Q4 growth of 2.8% on manufacturing upturn lifts Singapore’s 2023 full-year growth to 1.2%
SINGAPORE’S economy expanded 1.2 per cent year on year in 2023, pulled up by stronger growth in the fourth quarter, advance estimates from the Ministry of Trade and Industry (MTI) showed on Tuesday ...
Saudi fund outpaces Singapore’s GIC with US$31.6 billion splurge
Saudi Arabia’s Public Investment Fund emerged as the world’s most active sovereign investor last year, boosting its deal activity even as most global peers slashed spending.
Seatrium secures contract from Shell estimated at $400 million by DBS
The contract includes the installation of equipment provided by Shell and follows the LOI signed by both parties in August 2023.
HSBC France retail bank sold to US fund Cerberus
HSBC on Monday (Jan 1) transferred for an undisclosed amount its retail banking network in France to My Money Group, controlled by US private equity fund Cerberus. Read more at The Business Times.
Saudi Arabia’s Public Investment Fund outpaces Singapore’s GIC with US$31.6 billion splurge in 2023
The Public Investment Fund was the world’s most active sovereign investor last year, deploying US$31.6 billion in 2023 versus US$20.7 billion the previous year, according to research consultancy Globa ...
Saudi Fund Outpaces Singapore’s GIC With $31.6 Billion Splurge
Saudi Arabia’s Public Investment Fund emerged as the world’s most active sovereign investor last year, boosting its deal activity even as most global peers including GIC Pte and Temasek Holdings Pte ...
S’pore stock market is undervalued
SINGAPORE: Compared with other markets, the Singapore market has been more subdued, with the Straits Times Index (STI) spending the last three months of 2023 range-bound between 3,050 and 3,150 points ...
Over 100 victims lose $160k after falling prey to bank impersonation scams in December
More than 100 people have fallen prey to bank impersonation scams in December. The 103 victims, who lost a total of at least $161,000, were duped by scammers who spoofed bank SMSes in order to gain ...
Monetary Authority of Singapore Imposes Civil Penalty of $3.9M on Credit Suisse AG for Alleged Misconduct by Relationship Managers
MAS imposed a civil penalty of $3.9 million on Credit Suisse AG, for its alleged failure "to prevent or detect misconduct by its relationship managers." ...
Scammer pretends to be man’s friend to get S$4.8K transferred to POSB account
SINGAPORE: A man took to social media to share a firsthand account of his encounter... The post Scammer pretends to be man’s friend to get S$4.8K transferred to POSB account appeared first on The Inde ...
DBS’s stake in Shenzhen Rural Commercial Bank has risen to 16.69%
The financial implications of this transaction are anticipated to be immediately accretive to DBS's earnings and return on equity (ROE) ...
Why DBS Bank’s woes is a forewarning to bankers on a digital dope
While digital is a given, over-emphasis on cutting-edge tech can inadvertently stretch operational resilience thin.
Seatrium subsidiary secures $500 mil revolving credit facility from DBS, HSBC and Standard Chartered
The loan facility will provide additional funding and liquidity to Seatrium, increasing its financial flexibility.
S’pore scammer pretends to be ‘bro’, tries to trick target to PayNow S$4,800
A scammer in Singapore posed as someone's friend and tried to trick them into transferring him S$4,800 via the POSB app. He ended up requesting for S$1,000 instead when the person declined.
UOB: Taylor Swift fans drew over 23,000 transactions in 3-day ticket sale
SINGAPORE: On Dec 29, the United Overseas Bank (UOB) revealed the key spending patterns among... The post UOB: Taylor Swift fans drew over 23,000 transactions in 3-day ticket sale appeared first on Th ...